๐ Infosys Share Price Soars by 7.84% to Close at โน1,612.20 in Last Week’s Trading Session
๐ During the trading session, the company’s share surged by 8% and reached โน1,615.80
๐ฅ Indian stock market witnesses significant growth, with Sensex crossing 73,000 and Nifty surpassing 22,000
๐ Experts from Yes Securities, Motilal Oswal, and MK Global Financial Firm recommend buying Infosys shares
โ Yes Securities sets a target price of โน1,870, Motilal Oswal sets it at โน1,750, and MK Global Financial Firm suggests it could reach โน1,850
๐ Infosys records a 7.3% decline in net profit in Q3 of FY 2023-24, with a net profit of โน6,106 crore
โฌ๏ธ However, the company’s operational revenue increased by 1.3% to โน38,821 crore
๐ฐ Infosys secures orders worth $3.2 billion in the December 2023 quarter, hitting a new milestone
๐ฅ The board of directors approves the acquisition proposal of Bengaluru-based semiconductor design service provider, Insemi, for โน280 crore
๐ผ Infosys’ workforce stands at 3,22,663 on a yearly basis, marking a 7% reduction compared to the previous quarter
๐ Employee count shows a 1.8% decline compared to the last quarter
Overall, Infosys’ share price is on the rise, with experts predicting further growth and recommending investors to buy. The company’s financial performance in Q3 shows a dip in net profit but an increase in operational revenue. With significant orders and a strategic acquisition, Infosys seems to be on a positive trajectory in the market.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
